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Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the reduced supply, according to SSY Consultancy & Research Ltd., a unit of the world’s second-largest shipbroker. Output cuts by China, the world’s largest steelmaker, will probably continue to the year’s end because of limited power supplies for mills, the nation’s Ministry of Industry and Information Technology said Sept. 15. The reductions are aimed at meeting energy-efficiency targets.
“The resulting widening in steelmaker margins would encourage further production within China once restrictions are lifted and support output in the rest of the world,” SSY Consultancy & Research Ltd. said in a report. Still, the cuts have “unsettled” shipowners’ confidence about immediate demand, it said as the Baltic Dry Index slid for a fifth day.
The index, a gauge of overall measure of commodity shipping costs, slumped 11 percent this week, the most in 10 weeks, according to the London-based Baltic Exchange. Today it fell 61 points, or 2.2 percent, to 2,676 points. Chinese iron-ore purchasing may rise once the restrictions are lifted, SSY Consultancy said.
Daily hire rates for capesize-class ships that typically deliver iron ore, the main steelmaking ingredient, declined 18 percent this week, the biggest slump in nine weeks, according to the Baltic Exchange. Rents dropped 4.3 percent to $33,812 today, leading declines among the four vessel types tracked by the bourse.
Charter costs for smaller panamaxes that also haul coal and grains fell 1.9 percent to $23,525 a day today and supramaxes lost 0.8 percent to $21,041. Handysizes were little changed at $15,964 a day.
SSY Consultancy is a unit of London-based Simpson Spence & Young Ltd.
Source: Alaric Nightingale, Bloomberg,Hellenic Shipping
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Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
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- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Economic Council, Georgia
- The University of Queensland
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
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